COPPER_ HGH17  #copperfutures

Weekly – In a pullback from the weekly breakout at the election. Trade pressures are up but declining. Volumes are down and neutral.

Daily – Flat. In the move down from the short entry at 2.62. Trade pressures are down. Volumes are bearish.

The next target down is 2.41.

A close above 2.61 would signal higher.

 

GOLD_ GCG17  #goldfutures

Weekly – The retest of the 1129 downside target was successful. Trade pressures are down. Volumes are bearish.

Daily – Flat. The year end move up off the weekly target has approached the new long entry price of 1165. Trade pressures are up into the neutral zone. Volumes have changed to bullish.

The next target up is 1233.

If the long entry triggers, set the stop to 1124.

 

SILVER_ SIH17  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. After consolidation at the 15,67 level, some accumulation seems evident. Trade pressures are down but rising. Volumes are now bullish.

The next target down remains at 14.91.

Some divergence is showing between the trade pressures and price. A close above 16.93 would signal higher.

COPPER_ HGH17  #copperfutures

Weekly – Remains in the uptrend. Trade pressures are up but turning down. Volumes have changed from bullish to neutral.

Daily – Short. 10 days into the short trade from the 2.62 entry. Trade pressures are down. Volumes remain bearish.

The next target down is the 2.44 profit target.

Lower stops to the 2.52 level.

A close above the 2.61 level would signal higher.

[12-27-16 Update: Flat. The 2.4480 low was very close to the 2.44 profit target. Stopped out at the 2.52 level.]

 

GOLD_ GCG17  #goldfutures

Weekly – At the weekly downside target of 1129. Trade pressures are down. Volumes are bearish.

Daily – Flat. Trade pressures are down and trending. Volumes remain bearish in light trading.

The next target down is 1082.

A close above 1165 would signal higher.

 

SILVER_ SIH17  #silverfutures

Weekly – 7 weeks into this downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating at an old target of 15.69. Trade pressures are down. Volumes are bearish.

The next target down is 14.91.

A close above 16.93 would signal higher.

COPPER_ HCH17  #copperfutures

Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.

Daily –  Short. The 2.62 short entry was triggered at 2.62 on the 13th. Trade pressures are down. Volumes are bearish.

The next target down is 2 . 41.

Set stops at 2.68.

[update 12-20-16: lower stops to the short entry price of 2.62.]

 

GOLD_ GCG17  #goldfutures

Weekly – Gold has met the 1129 weekly downside target. Trend is down. Trade pressures remain down. Volumes are also bearish.

Daily – Flat. Dropped thru the 1170 target signaling lower. Trade pressures are down and trending. Volumes are mixed bullish to bearish.

The next target down is 1082.

A close above 1165 would signal higher.

 

SILVER_ SIH17  #silverfutures

Weekly – Trend is down. Trade pressures are down.  Volumes are bearish.

Daily – Flat. Trend is down. Trade pressures are have moved down into the neutral zone. Volumes are mixed bullish to bearish and finishing the week as neutral.

The next target down is 14.91.

A close above 17.18 would signal higher. [Update 12-20-16: a close above 16.93 would signal higher.]

COPPER_ HGH17  #copperfutures

Weekly – Approaching the Spring of 2015 pivot high. Trade pressures are up and near the highs. Volumes have returned to Bullish.

Daily – Flat. Sitting on the 2.60 short entry trigger. No short entry yet. Trade pressures remain up, but declining. Volumes are mixed bearish to bullish.

The next target down is 2.41.

Stops will be at the 2.75 pivot high.

 

GOLD_ GCG17_  #goldfutures

Weekly – In the downtrend approaching the 1129 weekly target. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The consolidation at the 1170 downside target seems to be giving way to renewed downside pressures. Trade pressures are  down and trending. Volumes are bearish.

The next target down is the weekly 1129 target.

Need a close above 1200 to start a new move up.

 

SILVER_ SIH17  #silverfutures

Weekly – Still in the downtrend started five weeks ago. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 16.50 downside target has acted as support. Trade pressures have risen thru the neutral zone and are now up. Volumes are bullish.

Price has risen to the 25×5 moving average and was stopped there. A small pullback has ensued. A second leg up and thru the long entry price of 17.50 would signal higher. Watch the price action on the hourly.

If that fails the next target down is 14.91.

COPPER_ HGH17  #copperfutures

Weekly – A retest of the spike high of two weeks ago. Trade pressures are up and extended. Volumes remain neutral.

Daily – Flat. At the pivot point  of a entry up and a entry down. Trade pressures are up but declining. Volumes are mixed neutral to bullish.

The hourly is showing downward pressures.

 

GOLD_ GCG17  #goldfutures

Weekly – Still in the move down from 1326. The next weekly target down is 1129.  Trade pressures are down. Volumes remain bearish.

Daily – Flat. At the daily downside target of 1170. Trade pressures are down and extended. Volumes have changed to neutral.

The next target down is 1082. However, the weekly target is more likely.

A close above 1203 would signal higher.

 

SILVER_  SIH17  #silverfutures

Weekly – Third week into the new downtrend. Trade pressures are declining but still in the neutral zone. Volumes remain bearish.

Daily –  Flat. Consolidating at the 16.50 downside target. Trade pressures are down but turning up. Volumes are mixed neutral to bullish.

The next target down is 14.91.

A close above 17.49 could signal higher.

COPPER_ HGH17  #copperfutures

Weekly – Third week into the breakout to the upside. Trade pressures are up and starting to look extended. Volumes remain neutral.

Daily – Flat. After the pullback to a previous upside target of 2.48 price makes a new move up thru the long entry price of 2.59. Trade pressures are up but declining. Volumes are bullish and rising.

The next target up is 2.84. The spike high of 2.74 should offer resistance.

A close back below 2.61 should signal lower, so use this 2.61 as a Stop.

 

GOLD_ GCG17  #goldfutures

Weekly – Still in the move down to the weekly target of 1129. Trade pressures are still in the neutral zone and have turned down. Volumes remain bearish.

Daily – Flat. At the 1170 downside target. Trade pressures are down. Volumes are bearish.

The next target down is 1082.

A close above 1214 would signal higher.

 

SILVER_ SIH17  #silverfutures

Weekly – Looks to be headed into the 15’s. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. At the 16.50 downside target. Trade pressures are down and extended. Volumes have changed to bullish.

The next target down is 14.91.

A close above 17.59 would signal higher.

COPPER_ HGZ16  #copperfutures

Weekly –  Having a pause in this sharp move up. Trade pressures are extended up. Volumes have changed to neutral from bullish.

Daily – Flat. Consolidating at the 2.48 upside target after the election spike to 2.73. Trade pressures are up but turning down. Volumes are neutral to bullish.

the next target down is 2.39.

Need a close above 2.58 to start a new move up.

 

GOLD_ GCZ16  #goldfutures

Weekly – In the downtrend started in early October. Trade pressures are up into the neutral zone. Volumes have changed to bearish.

Daily – Flat. In the move down from the 1278 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1176.

A close above 1242 would signal higher.

 

SILVER_ SIZ16  #silverfutures

Weekly – Last week broke down thru the uptrend support line. Trade pressures  are in the neutral zone. Volumes are still bearish.

Daily – Flat. A new downtrend has been estaablished. Trade pressures are down and extended.  Volumes are bearish.

Now at the 16.40 downside target. The next target down is 1560.

A close above 17.69 could signal higher.

COPPER_ HGZ16  #copperfutures

Weekly – A high volume breakout of the downtrend line. Trade pressures are up. Volumes are very bullish.

Daily – Flat. The trade was taken out at the first profit target. Trade pressures are up and extended. Volumes have changed from bullish to neutral as sellers meet the buyers in the 2.70’s.

All profit targets have been met and exceeded.

A new short entry has been triggered at 2.60 with a 2.40 profit target.

The volatility is too high for a safe trade. Wait.

 

GOLD_ GCZ16  #goldfutures

Weekly – The downtrend remains in place. Trade pressures have risen into the neutral zone. Volumes have changed to bearish.

Daily – Flat. The previous long trade was stopped out at the 1284 entry price. Trade pressures are down. Volumes are bearish. A new short entry was triggered the day after the election results at 1278.  The first profit target was immediately met at 1228. The next targets down is 1176.

A close above 1260 could signal higher.

 

SILVER_ SIZ16  #silverfutures

Weekly – Still above the uptrend support line. Trade pressures are in the neutral zone. Volumes have changed from bullish to neutral.

Daily -Flat. The long entry is still in place, but will be voided by a close below 17.11. Trade pressures have dropped into the neutral zone. Volumes have turned bullish.

The next target down is 16.40.

Need a  close back above the 18.38 level to signal higher.

 

COPPER_ HGZ16  #copperfutures

Weekly – The two week rally has produced a nice profit, testing the downtrend resistance line. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from the 2.12 long entry. The 2.24 profit target was the trade exit. Trade pressures are up but extended. Volumes continue bullish.

The next  target up is 2.33.

A close below 2.21 would signal lower.

 

GOLD_ GCZ16  #goldfutures

Weekly – Rallying in the downtrend. Trade pressures have risen into the neutral zone.  Volumes have turned bullish.
Daily – Long. The move thru the 1284 long entry price has set up the 1352 target. Trade pressure are up. Volumes remain bullish.

The next target up is 1352.

Move stops to the entry price of 1284.

A move below 1278 could signal lower.

 

SILVER_ SIX16  #silverfutures

Weekly – The uptrend support line has held. Trade pressures are rising thru the neutral zone.

Daily – Flat. At the long entry of 18.378. Trade pressures are up. Volumes remain bullish.

The next target up is 20.42.

Stops at the 17.11 lows.

COPPER_ HGZ16  #copperfutures

Weekly – A bullish reversal in the downtrend. Trade pressures are now up. Volumes have changed to bullish. A trade through 2.30 would reverse the downtrend to up.

Daily – Long. The trade thru the 2.12 long entry trigger has set a new move up. Trade -pressures are up. Volumes changed to bullish early in the week.

The next target up is the recent pivot high at 2.21, then 2.23.

Stops were raised to the 2.12 entry price early. Now raise the stops to the 25×5 moving average of 2.15.

[11-1-16: raise the stops to 2.20.
Sell at the 2.2395 profit target.]

[11-3-16: reached the profit target: sold.]

 

GOLD_ GCZ16  #goldfutures

Weekly – three weeks of a rally up inside this downtrend. Trade pressures are down but diverging. Volumes remain neutral. The next weekly target down is 1226.

Daily – Flat. The rally off the 1243 lows is testing the downtrend resistance. Trade pressures have risen into the neutral zone. Volumes remain bullish.

The next target down is 1228.

Need a close above 1282 to begin a new uptrend; and 1284 is a new long entry trigger.

[11-1-16: New long entry at 1284.
Set the stops at 1277.]

 

SILVER_ SIZ16  #silverfutures

Weekly – The uptrend support at 16.88 is holding. Trade pressures are down. Volumes are neutral.

Daily – Flat. Consolidating at the 17.87 downside target. Trade pressures have risen into the neutral zone. Volumes are bullish.

The next target down is 15.61.

A close above 18.37 would signal higher.